The Land Bank of the Philippines announced recently that it will soon accept applications for its new scholarship program and select scholars from the poorest 60 provinces in the country.

Under the “Iskolar ng LandBank Program,” LandBank will select the scholars from nominations endorsed by its partner-organizations composed of farmers and fishers.

This new selection process was announced after LandBank received numerous queries from interested applicants following the program’s launch last February.

“We want the ‘Iskolar ng LANDBANK Program’ to create meaningful impact in the lives of deserving students who really need assistance the most. We are now reaching out to our partner cooperatives, associations, and organizations in the agri sector to nominate dependents from among their members,” said LandBank president and CEO Cecilia Cayosa Borromeo.

The “Iskolar ng LANDBANK Program” is designed to assist deserving dependents of agrarian reform beneficiaries and small farmers and fisheries nationwide.

From 2023 to 2028, LandBank will select 60 scholars each year, to be provided with P100,000 each per year to cover allowance and expenses for books, clothing, and other course requirements. Special cash incentives will also be awarded to scholars who will graduate with honors.

Eligible applicants shall be the children or grandchildren of ARBs or small farmers and fishers who are graduating high school students, with a minimum average grade of 90 percent or belonging to the top 10 percent of their class.